Yellen learning the games politicians play

December 5, 2015 12:58 AM

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Janet L. Yellen stepped into the top job at the Federal Reserve last year with more experience than anybody who has led the central bank in its 100-year history. But she is finding that success demands not just economic expertise, but a political prowess she is still learning to master.

As the Fed prepares to tackle the controversial task of unwinding years of support for the economy, Yellen has grappled with fractious colleagues and dissent within one of the world’s most influential financial institutions. Outside the Fed, liberal lawmakers and some of the world’s top economists a...